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-800-345-2550 call 1-800-433-9947. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> the debate on how to fix the fiscal cliff has been almost completely focused on tax hikes. but if you're only raising taxes on the upper income, you can't even make a dent in the deficit without cutting spending at the same time. eamon javers looks at the possible cuts. >> hey, bill. i was going to tell you how they could cut spending on capitol hill, but we've had news. i'll spare you that and get to the news. markets over the past little while here this afternoon have been reacted to comments from harry reid and mitch mcconnell. let me play you a sound bite of what markets reacted to and explain on the other side w
today. citi just initi initiated cover apple. >> just now? >> they didn't have coverage before? >> maybe the previous analyst -- >> they had a new analyst. yes, he likes it. anyway, s&p is down almost five points, off its lows at 1404. fears of the fiscal cliff taking center stage once again, driving stocks lower after last week's 3% surge. that big gain friday, 172 points. we lost a third of that right now. how can you protect your for portfolio? we have chief washington correspondent john harwood, bill from coors state capital advisers who has a review of the new "lincoln" movie, lee munson and senior economics reporter steve liesman, plus mary thompson. we're going to be here for a while. john, let's start with you. any signs of progress on the hill? >> reporter: nothing tangible. we saw it at the initial meeting between the president and congressional leaders. we saw it over the weekend when some republicans again repeated their openness to being willing to raise taxes, which is something that is violated republican orthodoxy. here is jay carney just a few minutes ago in reaction to
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